Credit Suisse analyst Jose Caiado maintained a Hold rating on Spirit Airlines (SAVE) on October 23 and set a price target of $43.00. The company’s shares closed last Monday at $37.93, close to its 52-week low of $32.97.
According to TipRanks.com, Caiado is ranked #3896 out of 5580 analysts.
Spirit Airlines has an analyst consensus of Moderate Buy, with a price target consensus of $46.25, implying a 23.9% upside from current levels. In a report issued on October 10, Morgan Stanley also maintained a Hold rating on the stock with a $37.00 price target.
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Spirit Airlines’ market cap is currently $2.6B and has a P/E ratio of 7.52. The company has a Price to Book ratio of 1.19.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SAVE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Spirit Airlines (NASDAQ: SAVE) is the ultra-low cost airline of the Americas and Home of the Bare Fare. Spirit’s fares are unbundled; they simply reflect the cost of taking customers to their destination without any extras.
